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Polyamide Resin Market Trends and Forecast

The future of the polyamide resin material market looks promising with opportunities in the transportation, consumer goods, and electrical & electronics applications. The global polyamide resin market is expected to reach an estimated $9.0 billion by 2028 with a CAGR of 4.7% from 2022 to 2028. The major drivers for this market are increasing use of lightweight, high temperature thermoplastics in under-hood applications and the replacement of metals with polyamide resin based composites in various end use applications.
  • Lucintel forecasts that transportation will remain the largest end use market by value due to high demand for lightweight thermoplastics with high temperature resistant property, which makes polyamide resin suitable for under the hood applications.
  • SFT will remain the largest market due to its various benefits like ease in processing, low cost production, design flexibility, and the ability to process parts with complex shapes
  • Asia Pacific and ROW is expected to remain the largest region and witness the highest growth over the forecast period due to growth in construction sector, transportation sector and increasing awareness towards the lightweight thermoplastics with high temperature resistant property.